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The loyalists of America and their times, from 1620 to 1816, Vol. 2 of 2

Note 6 — Chapter XXVII

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History of England, etc., Vol. VI., Chap. lvii, pp. 329, 330.

Lord Mahon adds: "Only two days previously, Lord North, who had opened his Budget on the 6th, had carried through his financial resolutions in the House of Commons, involving a new loan of £6,000,000, which was contracted on advantageous terms. Thus were funds provided to pursue the war, should that be requisite. Thus was an opening made for negotiations should they be practicable. In either case the path was cleared for a new Administration. Here then was the moment which Lord North had for some time past desired—the moment when, with most honour to himself and with most advantage to his country, he could fulfil his intentions of resigning." (Lord Mahon's History of England, Vol. VI., Chap. lvii, pp. 330, 331.)

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